India’s share in global electronics demand has seen significant growth, with a compound annual growth rate of 17.2% between 2015 and 2024, surpassing the global growth rate of 4.4%. The country’s electronics exports have nearly quintupled to USD 42.1 billion from 2016 to 2024, highlighting its strength in products like mobile phones, consumer electronics, and communication equipment. These exports are increasingly targeting major markets such as the United States, the United Kingdom, and the UAE.
Electronics, a key focus in India’s manufacturing and export landscape, has become the second-largest item in the country’s export basket. It plays a pivotal role in various industries like automotive, renewable energy, telecom, defense, and digital services, driving industrial growth. India is now transitioning towards component manufacturing and higher value addition in electronics, supported by strategic policy measures like the Electronics Components Manufacturing Scheme.
The future of India’s electronics sector lies in deeper integration into global value chains, covering areas like printed circuit board design, semiconductor assembly, power electronics, and embedded systems. Alongside improvements in logistics efficiency, tariff rationalization, and skill development, these efforts position electronics as a crucial driver of India’s export growth and technological progress in the upcoming years. NITI Aayog Vice-Chairman emphasized the importance of correcting cost disparities, strengthening domestic component ecosystems, and enhancing Indian firms’ global production network presence for sustained competitiveness.
The latest report also analyzes global and domestic trade trends, noting India’s export-led momentum in Q2 FY26 amid global trade uncertainties. The edition highlights the increasing trade among developing economies, which now represent a significant share of global exports. Additionally, it points out the growing role of e-commerce in driving future export growth, with India ranking among the top e-commerce markets globally, particularly in the electronics segment.
